Waterproofing is a necessary activity as it helps in maintaining the structural integrity of a foundation. Due to their superior water-resistant performance, waterproofing membrane finds application in a number of end-user industries, including construction, civil, transportation, and water and wastewater treatment. These membranes are made of up of different types of materials such as modified bitumen, ethylene propylene diene monomer (EPDM), thermoplastic polyolefin (TPO), polyvinyl chloride (PVC), high-density polyethylene (HDPE), and low-density polyethylene (LDPE). The flourishing growth of end-user industries, especially in emerging economies, is one of the primary factors augmenting the global market for waterproofing membranes. The report is a professional study encompassing all the important aspects of the waterproofing market, including its dynamics, geographical and application segmentation, and vendor landscape.

Waterproofing membrane offers various benefits such as energy efficiency, cost-effectiveness, high durability, and heat resistance. These benefits are driving their demand for applications such as roofing and building structures. The booming construction industry in China and other emerging countries is also working in favor of the market. The rapidly growing population in developing countries is leading to increase in residential construction projects. Moreover, the soaring global demand for waterproofing in the mining sector is stoking the growth of the market.

However, the sluggish growth of the construction industry in Europe is restricting the global waterproofing membrane market from realizing its utmost potential. On the other hand, the rapid urbanization in developing regions such as Asia Pacific and Latin America are creating a strong need for water and waste management activities, which in turn is unfolding ample growth opportunities for the overall market.

Global Waterproofing Membrane Market: Geographical Segmentation

From the geographical standpoint, the report segments the global waterproofing membrane market into North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa. Asia Pacific will account for a substantial share in the global market. The rising urban population is providing a significant push to the construction and wastewater management industry, which in turn is triggering the demand for waterproofing membrane in the region. Emerging countries such as India and China will be at the forefront of the growth of the region.

North America will also be a strong contender in the global arena. The flourishing growth of the construction and mining sectors is the primary factor driving the growth of the region. The Middle East and Africa market is anticipated to hold immense potential. The increasing exploration and production of crude oil are translating into the greater uptake of waterproofing membrane in the region. The growth of Europe can be attributed to the increasing concerns regarding water and waste Management.

Global Waterproofing Membrane Market: Competitive Landscape

Players in the global waterproofing membrane market need to focus on the expansion of product portfolio to ensure sustainable growth. For this, key players are banking on strategies such as mergers and acquisitions and product innovation. Moreover, market participants are pouring hefty funds into research and development activities to stay ahead. The immense potential of the market is encouraging new players to foray into the market. However, stringent government regulations are creating high barriers for new entrants.

As one of the lead news writers on CMFE News, Ganesh’s specialization lies in the science and technology domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Ganesh’s take on the impact of digital technologies across the science, technology, and business domains gives his writing a fresh and modern outlook.

Secondary Sidebar

ABOUT US

CMFE News brings you the biggest and the breaking news items from across the globe. The ever-growing database offers its readers a wide coverage in fields of technology, business, science, and lifestyle. From latest innovations to emerging trends, CMFE News is one-stop-all for daily dose of vital information.